National Bank Financial Increases Yamana Gold (TSE:YRI) Price Target to C$5.25

Yamana Gold (TSE:YRI) (NYSE:AUY) had its price target hoisted by National Bank Financial from C$4.50 to C$5.25 in a note issued to investors on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price objective points to a potential upside of 17.45% from the company’s previous close.

A number of other analysts have also recently weighed in on the stock. Eight Capital raised their price objective on shares of Yamana Gold from C$4.50 to C$5.50 in a report on Thursday, August 8th. BMO Capital Markets set a C$2.30 price objective on shares of Yamana Gold and gave the stock a “market perform” rating in a report on Wednesday, April 17th. Finally, Canaccord Genuity raised their price objective on shares of Yamana Gold from C$4.75 to C$5.25 in a report on Friday, July 19th.

TSE:YRI traded up C$0.13 during mid-day trading on Wednesday, hitting C$4.47. The stock had a trading volume of 3,822,486 shares, compared to its average volume of 2,746,938. The firm’s 50-day simple moving average is C$3.75. The company has a market capitalization of $4.12 billion and a P/E ratio of -32.00. Yamana Gold has a twelve month low of C$2.41 and a twelve month high of C$4.98. The company has a quick ratio of 0.17, a current ratio of 1.66 and a debt-to-equity ratio of 47.02.

Yamana Gold (TSE:YRI) (NYSE:AUY) last issued its earnings results on Thursday, July 25th. The company reported C$0.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.02 by C$0.01. The firm had revenue of C$620.02 million during the quarter. As a group, equities analysts anticipate that Yamana Gold will post 0.11 EPS for the current fiscal year.

About Yamana Gold

Yamana Gold Inc engages in operating mines, development stage projects, and exploration and mineral properties primarily in Canada, Brazil, Chile, and Argentina. The company primarily sells precious metals, including gold, silver, and copper. Its principal mining properties comprise the Chapada and Jacobina mines in Brazil; the Canadian Malartic mine in Canada; and the Cerro Moro mine in Argentina and the El Peñón and Minera Florida mines in Chile.

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